Business Credit Cards

With the Covid-19 international outbreak, the new strains of the Covid-19 developing, and economy as it is, these are times of uncertainty. Completely unexpected, Covid-19 took the world by surprise and has affected just about every business there is. People from all levels of financial circumstances are suffering, and small businesses are being forced to close their doors. The bottom line is this: small businesses need to secure additional funding to ensure their overall growth.
Unfortunately, many business owners have relied on their own credit profiles to secure brick and mortar locations, buildings, leases, the equipment they need and so on. Most business owners are unaware of how to even get started building business credit, or how to establish business credit in order to acquire the higher limit business tradelines that they need, along with other forms of business funding such as unsecured business loans, business credit cards and/or a business line of credit to make it through this crisis.

If you search the Internet and apply for business credit lines without any previous business credit, even if a business owner has been in business for decades, they have to start from the beginning and learn the different ways to building business credit from scratch.

Twenty years ago - and they are still doing this today - business owners were forced to open small accounts with net 30 vendors and take baby steps in building business credit. In other words, they would have to open a few accounts for office supplies and other net 30 vendors and purchase something whether they need it or not, and make small payments over the course of several months in order to build a Dun and Bradstreet credit profile.

What business owners don’t know about these Dun and Bradstreet profiles is that it takes several “phases” of business credit before one can actually acquire commercial accounts such as gas credit cards and other business credit cards. This literally takes years of taking “baby steps” when they need the business funding now through business credit cards, business lines of credit, and other sources of business funding on an emergency basis, today, right now.

If you are like me, and there is any type of “short cut,” in this long, drawn out process - despite what your personal credit looks like today, although many business owners have suffered losses in business which affect their personal credit profiles and now need to depend solely on business credit to keep their doors open.

This short cut I am referring to is pre-existing business credit accounts - so you have already-established business credit going in - before applying for business funding by way of a loan or a business credit card, a business line of credit or other business credit resources – so you have a better chance of being approved... see this for more on Business Tradelines.

This short cut I’m referring to is having pre-existing accounts posting to your business credit profile, such as Equifax Financial accounts, Equifax Retail accounts, Experian accounts, Paynet leases, Dun and Bradstreet accounts, and Small Business Finance Exchange accounts and lines of credit. These are pre-existing accounts that have history, and you can purchase to report in your business name, ultimately for instant business credit within 45-60 days or so – so you can acquire the help you need.

Business Credit Cards More Information

These lines range from packages of a combination of the above that total anywhere from $90,000 worth of business credit all the way up to over $1,000,000 packages of business credit. The price of these packages can range from $2,500 on upward, depending on the needs of your business.

For some business owners, this will get them started, so when they apply for business credit cards, business lines of credit or unsecured business loans, so they can proceed as necessary. Building business credit doesn’t have to complicated or time consuming, other than the time it takes for these pre-existing accounts to report under your business profile. For many busines owners, it will provide the rope that they need to save their business, particularly during this world-wide crisis.
Unfortunately, credit doesn’t come cheap, whether personal or business. It takes time and dedication and consistency. Personal credit is also important because lenders look at the business owner’s personal credit, as well, since businesses can go belly up, especially in these uncertain times. So, if you need a little boost to help demonstrate credit worthiness to get to where you need to be, visit our website or watch our video presentation for additional information.



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